The turnover of MLS Innovation Inc. marked in the first half of 2018. The company’s net profit amounted to 10.54 million euros, with a profit after tax of 1.48 million euros.
Earnings before interest, taxes, depreciation, and amortization for amounted to EUR 3.24 million this year vs EUR 3.87 million last year. The net position was EUR 27 million, down from EUR 24.63 million on 30 June 2017.
The MLS formally enters the Serbian market in May and makes its debut a month later in Cyprus. These two markets, as estimated, will further boost the net profit.
Recently the company held road shows in London and New York resulting in new foreign equity investors. FTSE Russell added MLS to their Emerging Europe index during the same period.
MLS President and CEO Yannis Kamatakis said:
“Over the last two years MLS R&D has been implementing an ambitious and costly research project which has recently been successfully completed. It is a new European Platform related to Artificial Intelligence and Speech Recognition. This new Product-Platform will be officially announced soon and we believe that (as is already the case with its counterparts in the United States) it may dramatically and for the better change the everyday life of people in Greece and other European countries”.
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Author: PC-GR
The World of Technology
